CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 06 January 2020
As per the proviso placed below the said Section,
The difference between the Amount of Capital gain that arises by the transfer and the amount that would have been exempted had if it would be utilized for the said purpose, would be taxable in the previous year in which the period of three years expires from the date of transfer of original asset
Kapadia Pravin
(17264 Points)
Replied 06 January 2020
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
CAclubindia
